Silver Lake will buy just over 10% of Abu Dhabi-controlled City Football Group , which owns Manchester City, the companies said on Wednesday, confirming an earlier report in the Financial Times.
"Silver Lake is a global leader in technology investing, and we are delighted by both the validation that their investment in CFG represents, and the opportunities for further growth that their partnership brings," City Football Group chairman Khaldoon Al Mubarak said in a statement. It added that Abu Dhabi United Group, the investment vehicle owned by Sheikh Mansour bin Zayed Al Nahyan, would remain the majority CFG shareholder with a stake of around 77%.
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